Step Accountants

10/11/2023

Are you a small business owner struggling with managing your finances? We're here to help! Our experienced team offers reliable accounting and bookkeeping services that will give you more time to focus on growing your business.
Contact today!
01619171733
[email protected]
www.stepaccountants.co.uk

07/11/2023

**Deadlines fast approaching so don't delay - act today**

🗓️19th November – Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic methods
🗓️22nd November – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office
🗓️19th December – Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic methods
🗓️22nd December – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office
🗓️30th December – Deadline for online submission of Self Assessment tax returns for year ending 5th April 2022 for HMRC to collect employment or pension income tax through PAYE tax codes if less than £3,000 is owed
🗓️31st December – Deadline for filing your company’s annual accounts if you have a limited company with an accounting year end of 31st March

If you need any help or would like any further information on how can help you with the self-assessment tax returns, please call 01619171733 or email: [email protected].

27/10/2023

We understand the importance of keeping your finances in order.🤵🏻‍♀️

Let us help you streamline your bookkeeping process so you can focus on what you do best.👩🏻‍💻
running your business! Contact today to learn more. 📩📌

18/10/2023

The deadline for filing a Paper Tax return is 31st October.

If you need any help or would like any further information on how can help you with the self-assessment tax returns, please call 01619171733 or email: [email protected].

11/10/2023

If you are a Sole Trader or a Partnership this important and you MUST read.

Please check your Accounting Year-End Date.
If it is not 05 April than this is something you need to act FAST and IMMEDIATELY.

You may find this a bit technical however please ask your Accountant to explain. Alternatively, please contact on [email protected] and we will help you.

This is News

From 5 April 2024, all sole trader and partnership businesses whose accounting year doesn’t end on or between 31 March to 5 April will need to report their taxable profits to us on a tax yearly basis.
They may need to find out the details of their overlap relief if they don’t already know this figure. This needs to be done ahead of submitting returns for the 2023 to 2024 transitional year.

On 11 September, we launched an online form that allows individuals to get their overlap relief figure on GOV.UK. We’ve also published guidance about the changes to reporting income from self employment and partnerships for the new tax year on GOV.UK.

Overlap profits are profits that have been taxed twice. These can arise if a business uses an accounting date that does not align with the end of the tax year. Overlap profits create a corresponding amount of overlap relief, given in certain circumstances such as when a business stops trading.

How to report profit on your Self Assessment tax return from 2023 to 2024 if your accounting year does not end on or between 31 March to 5 April.

04/10/2023

Even if you have no Corporation Tax to pay , HMRC still want to know.

Get in touch today with Step Accountants and we can help you to avoid possible penalties for not filing tax return and accounts submission.

27/09/2023

HMRC pays record amount to tax whistleblowers.Payouts to tax whistleblowers rockets as HMRC clamps down on tax evasion.

HMRC has released data which shows they paid £509k to individuals providing evidence about tax fraud over the past year. Up from £495k in 2021/22 and up 75% from the £290k paid five years ago.

So if you have tax affairs not quite right, better to make a disclosure using one of the many amnesties HMRC has before they come knocking.

Get in touch today with Step Accountants and we can help minimise the sting from the tax man with favourable terms.